St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-09-21

forenoon and strong later in the day. The
liquidation which made some progress yes
terday was continued to-day and the pres
sure OF long stock during the morning hours
was very heavy, and over one-fifth OF the
total transactions was made in the past half
hour and over three-fifths from 10 to II
o'clock. The distrust of the monetary situa-
ton was much intensified while the temper
of the room was bearish and as there was no
authentic news from the treasury
upon which all eyes were turned the
selling began in earnest. There was some
buying for foreign account and commission
houses had few orders from investors, but
the aggregate of these was SO insignificant
that they made no impression upon prices.
Everything went and the declines established
differed only in degree, while in some In
stances. lower prices than had been attained
at any previous time this year, were recorded.
After noon, however the pressure was
somewhat relieved, and the report that
powerful interests were buying the market
created a revulsion in feeling, while the
room traders quickly got over to the bull
side and became active in bidding up prices.
The impression that the treasury will take
some action toward relieving the money mar
tied aspect of the market during the after
noon, as should more liberal policy be
announced the banks would loan money
more freely, and If, as is generally
sold healthier condition of prices would re-
suit. The improvement in the afternoon was
nearly equal in extent to the depression Of
the forenoon; in many cases net gains for
active and decidedly weak, though prices at
the opening. were irregular The decline was
very sharp, however, and in the first fifteen
minutes losses ranging up to 2l2 per cent
were made. An equally sharp rally followed,
after which little progress was made in either
direction until the next hour, when the same
sharp break ensued, while the recovery was
os vigorous. IA more settled tone then be-
came apparent and though prices declined
further, the market became more
quiet and soon began to rise, after which
more decided strength was shown than at
any previous time during the day. The up
ward movement met with no serious setback,
and that only with the close of the board.
Good progress was made in the active stocks
in the last hour, and the market closed fairly
active and firm. Closing prices show irreg
ular changes as compared with yesterdays
final figures, but declines are i'll large ma
jority, the only important advance being Ia
In Northern Pacific preferred, while Color
ado Coal lost 2l2, Manhattan and Michigan
Central 2 and Canada Southern and New
England l. Railroad bonds were dull and
series b, coupon off, lost Dig at &c; East
Tennessee IS, 212 at 91la Houston d Texas
general IS, to 90; Mexican Central is, 2 to
66: Oregon Transcontinental 6s 25s to 927s;
to 100; Texas Pacific trust receipts, 3A to
59A; Richmond L. West Point trust 6s,
pa to 7S; Toledo, Ann Arbor & North
Michigan lists, 2 to 80; Wabash, Chicago di-
vision, 5s, to 95; Green Bay incomes, 3 to
80, and st. Louis, Arkansas d Texas Eds,
2ss to So. Government bonds were dull but
firm. State bonds were dull and steady. The
total sales of stocks to-day were 51O,324
shares, including:
Canada South. 6,370IN. Y. Central. 1865
D., l.. d w. -. .3S. 900 N. Pac. pfd.... 7,4O0
Del L. Hudson. 8, 546lOre. Trans. 80. 10, 236
Erie. ..21, ITO Pacific Mall. 9.420
Kan. d Tex. 1856 Reading 49,. 104, $50
Lake Shore lie, 3SOISt. Paul ....37,77O
L. d n %, 256ISt. P. & o.. 4, 175
Missouri Pac. ..10. O67ITeX. Pacific. .13, 2S5
Nnrfhnuacfaraa i IIrnin Do ri